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Colt Amends the Terms of the Warrant Pursuant to the Units Offering and Extends the Closing Date of the Previously Announced Non-Brokered Private Placements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Colt Resources Inc. (the "Corporation" or "Colt") (CNQ:COLT) wishes to announce that further to the Corporation's news release dated November 28, 2007, Colt has extended the closings of the non-brokered private placements (the "Offerings") to occur on or about Monday, December 31, 2007. Furthermore Colt wishes to announce an amendment to the Units Offering whereby each Unit will now consist of one Common Share at a price of $0.25 per share and one whole Warrant exercisable at a price of $0.30 per share. The Warrants will have a term of 36 months from the closing date.

All other terms of the Offerings remain unchanged.

Colt Resources Inc.

Bedo H. Kalpakian, President, CEO and CFO

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements.

The CNQ has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.